I have downgraded the market further today with the rating that Bears have the advantage over Bulls going into Wednesday. Here is my objective reasoning for downgrading the market further after today’s trading.
The NYSE percent of stocks above the 50 day moving average is plunging as traders have been rushing for the exit across (Read More….)
February 24, 2017: The best interviews and technology news highlights from the week are brought together in “Best of Bloomberg Technology,” a weekly long-form program, hosted by Bloomberg Technology’s Cory Johnson.
The show talks about Snapchat. My opinion on the Snapchat IPO is that there is no way Snapchat should be valued at $20 billion. (Read More….)
February 8, 2017: TTM Technologies reports Q4 EPS of $0.58 versus the $0.45 estimate. Revenue also beat coming in at $706.5 million versus the $672 million estimate.
The CEO said, “On a year over year basis, most end markets grew, with the fastest growth coming from the cellular and automotive end markets. This drove (Read More….)
February 1, 2017: Hearing merger rumors circulating about Hertz Global. The rumor is that activist shareholder Carl Icahn could push for a merger with Avis. I could not confirm the source of the rumors.
December 14, 2016: MKM Partners reiterates a Buy rating on Hertz and sets a price target of $33.
December 13, (Read More….)
January 3, 2017: Canaccord Genuity, Roth Capital, and HC Wainwright/Rodman & Renshaw all scrambled for the exist in Inotek Pharmaceuticals after the company announced Top-line Results for MATrX-1, First Phase 3 Trial of Trabodenoson for Glaucoma fails to meet its primary endpoint. I am dropping coverage of the company, RIP.
December 20, 2016: Canaccord Genuity (Read More….)
A weekly Saturday night show that attempts to predict market direction for the week ahead by looking at a variety of technical and fundamental indicators.
This week’s show features Trump’s comments about bringing down drug prices, the incredible trial results from Bellicum Pharmaceuticals that cured all 35 children in the trial, takeover rumors surrounding (Read More….)
A great stock to short for the coming trade war with China is Wal-Mart. Wal-Mart gets many of its products from China and other countries which is why they are known as a “discount” retailer.
A Trump Administration will likely favor American-made goods and place tariffs on foreign-made goods. A Trump Administration could rewrite various (Read More….)
The rally in stocks from short covering is coming to an end as evidenced by the falling Twiggs Money Flow on all the major indices. I wrote about the Trump short covering rally here. I said a week ago that when we see a negative divergence between the Twiggs Money Flow and the major indices, (Read More….)
There has been heavy insider buying in Gran Tierra Energy that began on November 9, 2016. On November 29, 2016, Director David Smith bought $90,000 worth of stock. Also on November 29, 2016, Susan Mawdsley bought $60,000 worth of stock. Again on November 29, 2016, Officer (VP, Investor Relations) Rodger Trimble bought $37,500 worth of (Read More….)
The Twiggs Money Flow is falling on the major indices. That means that traders are choosing to sell out of the market and book their profits.
S&P 500 Chart
Comments: The money flow has been falling on the S&P 500 this entire week. Watch 2193 support level. In an uptrend, previous resistance should become (Read More….)
Spark Energy has had heavy insider buying over the last few weeks. The Director Maxwell W Keith III bought $273,564 worth of stock on November 23, 2016. Two days earlier, on November 21, 2016, Vice President and General Counsel Melman Gil bought $14,922 worth of stock.
Spark Energy operates as an independent retail energy services (Read More….)
A trade war between the US and China is likely going to start next year with a key promise of Trump to declare China a “currency manipulator” on day one of his Presidency and to enact a 45% tariff on certain Chinese produced products sold in US markets.
China has threatened to retaliate by dumping (Read More….)
Black Friday sales hit an all-time high record of $3.34 billion or 21.6% growth year-over-year. Mobile accounted for $1.2 billion of those sales, a 33% increase from the previous year. TechCrunch writes…
Combined with yesterday’s $1.93 in online sales on Thanksgiving, the two days are expected to close out at nearly $5 billion in sales. (Read More….)
Amazon’s Amazon Prime membership continues to explode higher among US consumers. Amazon Prime had 40 million US members in Q3 2015. In Q3 2016, Amazon Prime membership has grown to 49.5 million US members. The incredible growth of Amazon Prime membership could lead more brands to sell over the Amazon platform. Rather than try to (Read More….)
Franklin Financial Network provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals.
Franklin Financial Stock Chart
Chart Comments: Testing previous resistance at around $38. Inverted hammer with long upper shadow is bearish and may indicate a pullback is coming. Wait for close above $38 before long entry. (Read More….)
Stocks that have a positive divergence between the Twiggs Money Flow and price. Today’s stocks include DAR, GME, MMS, OPHT, PEIX.
Darling Ingredients Stock Chart
Comments: BlackRock, EMINENCE CAPITAL, and SOUTHERNSUN ASSET MANAGEMENT have been accumulators of DAR during 2016. Solid valuation at P/E 16.4, and forward P/E 19.6. Huge buy side volume on (Read More….)
Stocks with a positive divergence between the money flow and price for November 22, 2016. Tickers: TAST, HWKN, RETL, WLH.
Carrols Restaurant Group Stock Chart
Comments: Nobody knows why this stock is moving higher. Don’t like chasing stocks without a clear catalyst. Not saying one isn’t there, just not one that I’ve found. Could (Read More….)
The stocks below have formed a bullish divergence between the Twiggs Money Flow and price on November 21, 2016.
Aceto Corp Stock Chart
Comments: Coming up to horizontal resistance (red line). Breakout of horizontal resistance will take the stock to $21.50, a quick cha-ching play.
CVR Partners Stock Chart
Comments: Broke above 50-day (Read More….)
Hillary Clinton and Democrats promised to wage war on pharmaceutical companies and do things like price controls on drugs and products of the biotechnology industry.
In California, there was a ballot measure to impose price controls on the sale of pharmaceutical drugs in the state.
Both Hillary Clinton’s probability of winning, and California’s (Read More….)
Washington D.C., Nov. 15, 2016 — The Securities and Exchange Commission today voted to approve a national market system (NMS) plan to create a single, comprehensive database known as the consolidated audit trail (CAT) that will enable regulators to more efficiently and thoroughly track all trading activity in the U.S. equity and options markets.
The Federal Reserve held short-term interest rates steady as traders expected. In the Fed’s postmeeting policy statement, it said it only needed “some further evidence” of economic progress before moving forward with a rate hike.
What exactly is the further evidence that the Fed needs? To answer that, you have to know about what (Read More….)
Tesla’s new solar roof tiles are incredible. Folks, this is disruptive technology at its finest. Check out a video of a roof with Tesla’s new solar tiles on it.
Tesla’s new solar roof tiles are a game changer IMO and here’s why. Homeowner Associations have rules on installing solar panels. You need to get approval (Read More….)
Albert writes, “Hi Lance; you had another great show tonight. A couple of questions if you don’t mind. First is, I read on your website that you think STM might be a good long term trade. Aside from margin issues (if one doesn’t buy on margin), do you think it’s still a good long-term stock (Read More….)